"Exotic wagering" means a system of betting or wagering that:

1. (1) is separate and distinct from the win, place, and show pools; and

2. (2) is approved by the commission.

   The term includes the daily double (and other wagers depending upon results of more than one (1) race), quinella, perfecta, and trifecta.

As added by P.L.341-1989(ss), SEC.2. Amended by P.L.24-1992, SEC.2.